Singer Co.

February 23, 1986|By Deanne Brandon

GOING HIGH-TECH. Singer Co. said it wants to abandon the sewing-machine business it once dominated worldwide and concentrate on expanding its aerospace and military-products lines. Singer's board of directors has directed management to investigate the possibility of spinning off the sewing and furniture operations. The company's aerospace and electronics business generated $1.2 billion in revenue in 1985, while sewing revenue came to just $567 million. Singer, founded in 1851, entered the electronics business in 1968.